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Essay

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Essay by Anna Quindlen

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Are Millennials Redefining the American Dream? 

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Are Millennials Redefining the American Dream? 

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Huffington Post

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Podcast interview + transcript

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Collection from NPR

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For Millennials, is the American Dream dead?

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For Millennials, is the American Dream dead?

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USA Today

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Nicholas Kristov

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op Ed

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The United States is not a perfect country, but the American Dream is still a reality. Even with relatively sub-par economic performance in recent years, our economy's overall level of output, as well as the annual growth rate, is still the envy of the developed world. And regardless of how people view President Obama's unilateral amnesty, it says something good about the United States that millions of people from the developing world still want to come to America.

Keeping government within its proper boundaries will be key to the American Dream. The burden of government in the United States is smaller than it is in Europe, and our markets are more open and deregulated than they are in Latin America, Asia and Africa. These features mean that poor people have considerable opportunity to climb the ladder, limited only by their talents, abilities and willingness to work hard.

But things could be even better. There's been a big expansion of government intervention under both President George W. Bush and Obama. And when government gets more power to dictate who wins and who loses in the marketplace, powerful and politically well-connected incumbents almost always reap the benefits on this cronyism. When new regulatory burdens are imposed, big companies have the legal, accounting and compliance staff to deal with the added red tape. For small businesses and entrepreneurs, however, new rules and regulations cause the misallocation of precious resources. Occupational licensing is also a big barrier to upward mobility, particularly at the state and local level.

The bottom line is that there are many problems that should be addressed, but the perfect isn't the enemy of the good. The American Dream exists all across the country, from the small businesses in every town to the energy entrepreneurs that have created so many jobs and driven down oil and gas prices. The dream can be found in the high-tech start-ups of Silicon Valley, as well as the new manufacturers of the Rust Belt.

And if we can restrain the size and scope of government, there's every reason to believe that the America Dream will be strong for the rest of the 21st century.

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The United States is not a perfect country, but the American Dream is still a reality. Even with relatively sub-par economic performance in recent years, our economy's overall level of output, as well as the annual growth rate, is still the envy of the developed world.

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Time Magazine

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The Numbers Show Rags-to-Riches Happens Only in Movies

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Forty-three percent of those raised in the bottom fifth of the income ladder remain there a generation later, and 40 percent of those raised at the top stay there.

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For Black People, There Is Martin Luther King's Dream

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The dream rooted in beliefs about racial equality, particularly along political and economic lines, is under siege. The wealth gap between blacks and whites keeps growing.

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Langston Hughes